GOLD GROWTH after breakdown of SUPPORT line
As I said yesterday, the price not only broke through the strong support line that has existed since December 2020, but also fixed on it, pushed off and began to grow.
Let me remind you that the fall in Gold ended at the support line 1680.81 at the beginning of last week. After that, the price began to rise. At the end of last week the price reached the support line 1733.54 but could not break through it. Then the price rolled back and returned to the line again.
After fixing, the price was able to break through the line at 1729.00. Then it consolidated again and showed a slight increase. I expect the price to continue to rise from the support line to the resistance line. Thus, my final target is the resistance line 1753.78.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Let me remind you that the fall in Gold ended at the support line 1680.81 at the beginning of last week. After that, the price began to rise. At the end of last week the price reached the support line 1733.54 but could not break through it. Then the price rolled back and returned to the line again.
After fixing, the price was able to break through the line at 1729.00. Then it consolidated again and showed a slight increase. I expect the price to continue to rise from the support line to the resistance line. Thus, my final target is the resistance line 1753.78.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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